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Sunday share tips: Randgold, BAE Systems, REDT

Sun, 10th Jan 2016 13:59

(ShareCast News) - Randgold Resources, a rarity of a profitable and debt-free miner, is a share to hold onto, argued the Sunday Times' Inside the City column. The west and central Africa-focused group is valued at twice the market capitalisation of FTSE 100 peer Anglo American, which is highly indebted and making losses from most of its businesses. As the price of gold shines brighter in the light of global financial jitters, Randgold has made hay and profits of $149m in the first nine months of its financial year.Whether that means Randgold is a clear buy depends on how you see the value of the yellow metal. Janet Yellen's rate setting pace in 2016 will be key. But if you want to bet on the gold price, maybe an ETF is a better tool. Having said that, Randgold has a very solid history of project delivery and decision making, helping it to an industry leading p/e ratio of 30. Whether the share price gains even more of a premium will probably be determined by the price of gold.BAE Systems shares are still worth buying, said Questor in the Sunday Telegraph, after falling from their March high last year to the point in August's where they were initial recommended and later went on to make a late surge in November. This came as BAE and its partners in the Eurofighter Typhoon project decided to cut production of the line and let it run until 2020 to try and reignite slowing demand, with Saudi Arabia seen a key potential client.BAE also contributes around 15% of each of Lockheed Martin's F-35 Lightning jets, the result of the massive joint-strike fighter program. These will be another flagship project for BAE, adding to its 40% of revenues from America as budget pressures begin to ease across the Atlantic, potentially boosting several of the group's other US contracts. The main forthcoming UK contract would be the huge nuclear submarine replacement project. Leadership remains an issue after boss Ian King announced his resignation last summer, which perhaps explains the discount the shares trade to peers.Shares in REDT Energy are a good, if risky, punt for adventurous investors, wrote Midas in the Mail on Sunday. One of the company's lead products is an innovative means of storing excess energy generated by wind and solar energy to be used when the wind is not blowing or the sun shining. Having spent years developing a commercially friendly product, REDT is accelerating production of its liquid vanadium batteries, which were invented by Nasa and can hold energy almost permanently and are now on trial with industrial customers and now cost £13,500 a pop.REDT, which was formed out of another business, Camco Clean Energy, is forecast to make modest sales of just €4.6m this year. Analysts expect sales to soar to €23.9m in 2017, with the group moving into profit shortly afterwards. While finances are currently reported in euros they are likely to swap to sterling, as REDT's facilities are near Edinburgh and Berkshire.Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.
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1 Apr 2020 17:46

RedT Raises GBP155,231 In Open Offer, Proposes Name Change

RedT Raises GBP155,231 In Open Offer, Proposes Name Change

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26 Mar 2020 16:15

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

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16 Mar 2020 15:37

RedT details proposed merger with Avalon

(Sharecast News) - Energy storage company RedT Energy has signed an agreement with the shareholders of Avalon to effect a proposed merger of the two companies, it announced on Monday.

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16 Mar 2020 15:15

redT Energy Confirms GBP29 Million Merger With Avalon Battery

redT Energy Confirms GBP29 Million Merger With Avalon Battery

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9 Mar 2020 12:54

Bushveld Minerals, redT Energy Set Up Vanadium Battery Partnership

Bushveld Minerals, redT Energy Set Up Vanadium Battery Partnership

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9 Mar 2020 09:39

RedT gets go-ahead for Energy Superhub Oxford project

(Sharecast News) - Energy storage technology company RedT Energy has received a provisional notice to proceed from Pivot Power, an EDF Renewables company, over the Energy Superhub Oxford Project, it announced on Monday.

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15 Nov 2019 14:53

RedT Energy Restructures Board Ahead Of Upcoming Avalon Merger

RedT Energy Restructures Board Ahead Of Upcoming Avalon Merger

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15 Nov 2019 12:35

RedT confirms board changes ahead of merger with Avalon Battery

(Sharecast News) - Energy storage technology company RedT Energy updated the market on the proposed merger with Avalon Battery Corporation on Friday.

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1 Nov 2019 18:04

Bushveld Provides Funds To Progress RedT Energy-Avalon Battery Merger

Bushveld Provides Funds To Progress RedT Energy-Avalon Battery Merger

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27 Sep 2019 10:40

RedT Energy Interim Loss Narrows On Lower Costs, Flat Revenue

RedT Energy Interim Loss Narrows On Lower Costs, Flat Revenue

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27 Sep 2019 09:43

RedT Energy shrinks loss as it looks to Avalon merger

(Sharecast News) - Energy storage technology company RedT Energy reported stable revenue from continuing operations for its first half on Friday at £0.2m, precisely in line with the same period last year.

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25 Jul 2019 12:17

redT Energy Merges With Avalon Battery To Create "Leading Player"

(Alliance News) - redT Energy PLC shares were suspended Tuesday as it announced a planned merger with Avalon Battery Corp.The move constitutes a reverse takeover under AIM rules, hence the

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22 Jul 2019 10:44

RedT Energy Gets Planning Permission Approval For Oxford 'Superhub'

(Alliance News) - RedT Energy PLC on Monday said planning permission was granted for the 'Superhub' project in Oxford.Energy storage company RedT is part of a consortium intending a

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25 Jun 2019 11:41

RedT Energy Swings To Annual Loss On Project Delays; Shares Dive

(Alliance News) - RedT Energy PLC on Tuesday said its loss widened in 2018 as it "faced a number of challenges" resulting in project delays.RedT shares were trading 20% lower on a

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9 Apr 2019 13:11

RedT Energy Raises GBP3.2 Million In Share Open Offer (ALLISS)

LONDON (Alliance News) - RedT Energy PLC on Tuesday said it raised GBP3.2 million via open offer of shares, as it received acceptances for the maximum amount of shares to be issued.The the

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